Raw Materials Are Being Hit, And Yarn Is Stable.

Last week (July 29th -8 2), Trump announced that the tariff increase incident, Zheng cotton fell again, dragging down the entire industry chain, yarn affected by raw materials, prices stable or fell.

Raw materials for cotton. President Trump announced a 10% tariff increase on the remaining Chinese products since September 1st, and Zheng cotton plummeted on Friday. In August 2nd, the main cotton CF1909 contract closed at 12670 yuan / ton, down 360 yuan / ton. The turnover rate of reserve cotton has declined, and the transaction price has also declined. During the week, the spot market was generally deserted. As of August 4th, Xinjiang's "double 29" hand picked cotton price was quoted at 14200-14250 yuan / ton, and the "double 29" Northern Xinjiang cotton picking price was quoted at 14000-14100 yuan / ton, and the "double 28" North Korean machine picked cotton weight was quoted at 13700-13800 yuan / ton, compared with the previous week, compared with the previous week, it dropped 100 yuan / ton. During the week, most of the cotton in Xinjiang has been hung up, and cotton growers have strong confidence in increasing production. But the ginning factory's enthusiasm is not high, and there are many renting and selling lines. The cotton in the mainland is in full bloom stage. But excessive rainfall in the the Yellow River basin during the week affected cotton growth.

Other raw materials. Polyester staple fiber continued to weaken during the week. In August 4th, the direct spinning polyester and short news reports of 1.4D*38mm in Jiangsu and Zhejiang provinces were 7700 yuan / ton, down 200 yuan / ton compared with July 26th, and sales volume was generally small. The viscose staple fiber of 1.5D*38mm in Jilu region was 11900 yuan / ton, and viscose staple fiber of 1.2D*38mm was 11800 yuan / ton, which was 100 yuan / ton lower than that in July 26th.

Pure cotton yarn. Affected by the decline in raw materials and orders, some cotton mills began to leave for the summer, and the operating rate of enterprises decreased. In August 4th, the stock price of pure cotton yarn for 21S high matching knitted fabric in a factory in Shandong was 19800 yuan / ton, and the price of 32S high quality knitted pure cotton yarn is 21200 yuan / ton, which is 200 yuan / ton lower than the previous week. According to the textile factory of Ji Lu Yu area, the price of 21S, 32S and 40S of pure cotton yarn is 20100 yuan / ton, 21000 yuan / ton, 22400 yuan / ton respectively, which is 100-200 yuan / ton lower than the previous week, and the price of single cotton yarn can still be negotiated.

Other yarns. Polyester yarn continued to decline slightly. In August 4th, the 32S polyester yarn of a factory in Weifang, Shandong, averaged 16300 yuan per ton per day (including ex factory price), which was 100 yuan / ton lower than that in July 26th. The sales volume is still good, and the turnover is a little favorable. A factory in Shandong, Weifang, has 17300 yuan / ton of 30S cotton yarn daily, which has dropped 200 yuan / ton compared with July 26th, and sales volume is generally large.

Imported yarn. According to feedback from traders, since late July, there has been a slight increase in the storage of cotton yarn in bonded ports and customs clearance. Not only C40S and above combed, combed compact spinning cotton yarn inquiry stores continued to be weak, but also poor C32S and below ring spinning again fell into the cold. As of August 4th, the external yarn inventory of the port was at 120 thousand tons, at a high level.